DraftKings stock rises after unveiling super app at Investor Day. BMO raises target to $50 while institutional investors increase positions. Full analysis.
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Analysis of top casino stocks for 2026: DraftKings prediction markets, MGM’s record $17.2B revenue, PENN’s ESPN Bet exit, and Las Vegas Sands’ digital shutdown.
MGM director Keith Meister sold $1.28M in stock. Q4 earnings demolished estimates at $1.60 EPS vs. $0.64. Analysts target $41.94. Full breakdown inside.
Kalshi expands internationally for the first time, partnering with XP International to offer regulated prediction markets in Brazil amid regulatory debate.
CFTC Chair Selig reverses prediction market ban, launches SEC partnership on crypto rules, and claims federal authority over DeFi and event contracts.
Polymarket partners with Palantir and TWG AI to deploy advanced fraud detection on sports betting markets using the Vergence AI engine for U.S. platform.
Caesars Entertainment (CZR) sees institutional buying surge and 68% takeover odds on Kalshi, despite missing Q4 EPS estimates by $1.05. Full analysis here.
DraftKings (DKNG) has plummeted 45% in six months, but 25 of 31 analysts maintain Buy ratings with price targets averaging $37.19—nearly 50% upside potential.
Polymarket and Kalshi are pursuing $20B valuations in new funding talks, doubling their late 2024 figures as prediction market volumes surge past $26B monthly.
MGM Resorts stock climbed 2.32% after crushing Q4 earnings expectations by $0.96 per share, while institutional investors increased their stakes.